The IT services provider is looking to help clients shift to cloud platforms such as Microsoft Azure, Amazon Web Services, and Google Cloud.
The computer company will shed its 81% stake in VMware, creating an independent software company with a stock market value of $64 billion.
Macy’s e-commerce unit could fetch a handsome valuation as a standalone, and poorly performing Grubhub is dragging down JET's stock price.
The transaction would be the eleventh such spinoff for the media giant.
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
“The work we’ve done to prepare for the spin shone a bright light on operational inefficiencies and areas for improvement.”
Separating the intelligence and customer engagement businesses "at this stage of their evolution will allow each to unlock its full potential."
“We are not pleased with the third-quarter results and are focused on aggressively addressing operational issues," the struggling retailer says.
The surprise resignation of CEO Art Peck has Wall Street "wondering whether the split could be delayed or abandoned altogether."
Ironwood Pharmaceuticals is in the black for the first time thanks to its complex spinoff of pre-commercial drug development programs.
"It’s clear that Old Navy’s business model and customers have increasingly diverged from our specialty brands over time."
An extensive study counterintuitively reveals that a majority of divestitures are accompanied by lagging stock performance for the divesting firm.
